Retirement savings at 60....Are you on track?? (2024)

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  • Опубликовано: 3 фев 2025

Комментарии • 23

  • @mikeconnell4067
    @mikeconnell4067 4 месяца назад +6

    It’s never too late. I started at 46 with 0 saved in my 401k 9.6 years ago. I saved 15% with company match and now have 457k.

  • @BethBooker-u7i
    @BethBooker-u7i 4 месяца назад +13

    I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Kathie Daisy Bosco. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can

    • @BethBooker-u7i
      @BethBooker-u7i 4 месяца назад

      @@Kecia-f6k Well her name is 'Kathie Daisy Bosco. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

    • @InvestWithSN
      @InvestWithSN 3 месяца назад

      ​@@BethBooker-u7iI learned that she is a scam. I started managing my own finances.

    • @chukwuemeka901
      @chukwuemeka901 3 месяца назад

      Wow 😮😮😮😮

  • @PeaceAndWheelies
    @PeaceAndWheelies 4 месяца назад

    Thank you for another great educational tool. I am a 50 year old viewer from Wisconsin, learning how to mold my life to be able to retire at 60.

  • @rkw2917
    @rkw2917 3 месяца назад

    Even the median numbers are way optimistic for my relatives in backwoods Canada
    Gonna be difficult to support

  • @FIRE_DrNinjaTurtle
    @FIRE_DrNinjaTurtle 4 месяца назад +2

    It’s never too late to get prepared. I retired early and I have multiple streams of income. I did use geoarbitrage to save on expenses and I have a better standard of living.

  • @FIRE_DrNinjaTurtle
    @FIRE_DrNinjaTurtle 4 месяца назад

    Great channel name. My life started at retirement ❤

  • @tomlim1598
    @tomlim1598 4 месяца назад +1

    I am in my mid 60s and fortunate enough to have a job I like, commute time is only 20 minutes and cost $0 (seniors ride the bus free). I’ll just keep going, hey, Don Johnson is 74, he is still active in acting, that’s inspiration for me.

    • @Lifestartsatretirement
      @Lifestartsatretirement  4 месяца назад

      That’s the great thing about being born where we were. We have that option. Good for you.

  • @kevindecoteau3186
    @kevindecoteau3186 4 месяца назад +1

    I thought about working longer and knew that I was done. So I retired with SS and money from a retirement account and as long as I don't go overboard I feel pretty good with where I am.
    I have been able to do my first skydive this week too.

  • @waffles1ca
    @waffles1ca 4 месяца назад +1

    If you could squirrel away $10,000 a year into for example a TFSA brokerage account from 60 to 65 , you could generate $300/ month in tax free dividend income.

  • @CalmPlains
    @CalmPlains 4 месяца назад

    Thank you for the video.
    Heads up, the volume on this video is incredibly low versus others on RUclips!

  • @larriveeman
    @larriveeman 4 месяца назад +3

    Just get to the point, too much prefacing

  • @funlatindude
    @funlatindude 4 месяца назад

    Your mic is too far away. Audio is poor.

  • @edip4753
    @edip4753 4 месяца назад +3

    You have to look at retirement in your early 30's not 60's.. Too late to discuss if you are 60 or older.

    • @Lifestartsatretirement
      @Lifestartsatretirement  4 месяца назад +3

      You know I’ve heard that too. But for so many of us our 30’s are filled with bills, babies and more bills. Wow.

    • @waffles1ca
      @waffles1ca 4 месяца назад

      You are so right, it’s never too late to start saving. Even if you can only generate $100/month in passive tax free income, you’re better off.